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Talon Metals Corp.
Summary
| Project: | Tamarack | |
|---|---|---|
| Deposit: | Tamarack | |
| Location: | United States | |
| Commodities: | Nickel-Copper-Cobalt-Platinum-Palladium-Gold | |
| Date: | 3/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-3-2020: Talon Metals Corp. announces a PEA report for its Tamarack deposit at the Tamarack project. Updated PEA results incl. NPV of US$291M and post-tax IRR of 36.0%. Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - March 5, 2020) - Talon | |
| Resources: | (Resources, Ind.): 3.6Mt @ 1.83% Ni, 0.99% Cu, 0.05% Co, 0.42g/t Pt, 0.26g/t Pd, 0.2g/t Au | |
| CP/QP: | [Overall Report]: Tim Fletcher, Christian Hizmeri (DRA Americas) | |
| ABSTRACT: | Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - March 5, 2020) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") is pleased to announce that it has completed an updated Preliminary Economic Assessment (the "Updated PEA") over a subset of the mineral resource estimate within the Tamarack Zone (located at the Tamarack North Project, Minnesota, USA). Talon currently has the right to acquire up to a 60% ownership interest in the Tamarack Project on the satisfaction of certain terms and conditions. All amounts are presented on a 100% ownership basis and all dollar amounts are in United States dollars. Capital costs for the Tamarack North Project were estimated by DRA Americas for the mine, process and surface facilities, and by SLR Consulting Limited for the CFTF. All cost estimates have been forecast in US dollars using constant, first quarter 2020 dollars, (i.e. in "real" dollars), without provision for inflation or escalation, and are subject to change if new information is received or circumstances change. The total estimated capital cost is US$258.73M (which includes an estimated US$10.0M mill salvage credit and $10.32M of closure costs), of which US$218.60M is the initial cost required during the first 2.5 years prior to the start of production. | |
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